{"id":193332,"date":"2008-12-23T18:26:00","date_gmt":"2008-12-23T23:26:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/12\/23\/big-surprise-being-under-water-limits-mobility\/"},"modified":"2008-12-23T18:26:00","modified_gmt":"2008-12-23T23:26:00","slug":"big-surprise-being-under-water-limits-mobility","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/12\/23\/big-surprise-being-under-water-limits-mobility\/","title":{"rendered":"Big Surprise: Being Under Water Limits Mobility"},"content":{"rendered":"<p>The fact that people owe more on their houses than they can sell them for, which means that they cannot sell them without a significant loss, and that <a href=\"http:\/\/online.wsj.com\/article\/SB122998208060227699.html\">people in this situation are unable to pick up and move to a new job<\/a> is news because???<\/p>\n<p>When your house becomes illiquid because of falling prices, then moving becomes a much larger financial burden, and so you are less likely to do so.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fact that people owe more on their houses than they can sell them for, which means that they cannot sell them without a significant loss, and that people in this situation are unable to pick up and move to a new job is news because??? When your house becomes illiquid because of falling prices, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[975,1088],"tags":[],"class_list":["post-193332","post","type-post","status-publish","format-standard","hentry","category-employment","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193332"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=193332"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193332\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}